Magdalena Butz
The Maricopa Real Estate Company
(520) 666-9808
98 Total Sales
1 in Downtown Chandler
$515,000 Price
209 E Morelos St Chandler, AZ 85225
Downtown Chandler NeighborhoodEstimated Value: $613,823
Studio
--
Bath
2,484
Sq Ft
$247/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Zoned Heating and Cooling System
- Ceiling Fan
- Willis Junior High School Rated A-
- Two cooling system units
- 2-minute walk to Winn Park
About This Home
As of January 2017Great investment opportunity, fully occupied, cash flowing 4 Plex in the heart of Downtown Chandler. 2 of the tenants have been there for 1.5 and 3 years but now month to month. The other 2 tenants were just secured in September and signed 1 year leases. This is a great investment opportunity in the up and coming downtown area with a lot of re gentrification already in process. Rental rates are below market, opportunity to increase CAP rate and property value.
Last Agent to Sell the Property
RE/MAX Fine Properties License #BR533974000 Listed on: 11/23/2016
Last Buyer's Agent
Brook Miller
RE/MAX Solutions License #BR533974000
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,008
Year Built
- Built in 1974
Lot Details
- Partially Fenced Property
Home Design
- Composition Roof
- Built-Up Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
- Security Lights
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
Schools
- Frye Elementary School
- Willis Junior High School
- Chandler High School
Utilities
- Two cooling system units
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Individual Gas Meter
- Master Water Meter
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, cable TV
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 97
- Assessor Parcel Number 303-17-137
Community Details
Overview
- 4 Units
- Building Dimensions are 49.50 x 141.51
Building Details
- Operating Expense $6,010
- Net Operating Income $14,390
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2016
Closed on
Jan 5, 2017
Sold by
Bought by
Seller's Agent
Brook Miller
RE/MAX Fine Properties
Buyer's Agent
Brook Miller
RE/MAX Fine Properties
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,823
Avg. Annual Appreciation
11.26%
Original Mortgage
$165,000
Outstanding Balance
$132,567
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$481,256
Purchase Details
Listed on
Nov 23, 2016
Closed on
Dec 27, 2016
Sold by
Bought by
Seller's Agent
Brook Miller
RE/MAX Fine Properties
Buyer's Agent
Brook Miller
RE/MAX Fine Properties
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$132,567
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$481,256
Purchase Details
Closed on
Jul 13, 2010
Sold by
Bought by
Purchase Details
Closed on
Feb 10, 2010
Sold by
Bought by
Purchase Details
Closed on
Aug 4, 1997
Sold by
Bought by
Purchase Details
Closed on
Aug 18, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Chandler, AZ
-
Magdalena Butz
-
Heather Scriven
Heather Scriven
Jason Mitchell Real Estate
(888) 621-0895
88 Total Sales
1 in Downtown Chandler
$325,000 Price
-
Braden Johnson
Braden Johnson
Limitless Real Estate
(877) 629-6469
151 Total Sales
2 in Downtown Chandler
$444K - $575K Price Range
-
Ramon Verdugo
Ramon Verdugo
Axen Realty, LLC
(480) 739-3351
23 Total Sales
1 in Downtown Chandler
$410,000 Price
-
Ronit Urman
Ronit Urman
Urman
(602) 932-2583
47 Total Sales
1 in Downtown Chandler
$430,000 Price
-
Edith 'Eydie' Fernandez
Edith 'Eydie' Fernandez
HomeSmart
(623) 254-4398
41 Total Sales
1 in Downtown Chandler
$560,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Accommodation | ||
| $220,000 | Clear Title Agency Of Az Llc | ||
| $64,900 | Stewart Title & Trust Of Pho | ||
| $183,035 | Great American Title Agency | ||
| $88,000 | Lawyers Title Of Arizona Inc | ||
| $17,500 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $165,000 | ||
| Previous Owner | $179,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/05/2017 01/05/17 | Sold | $220,000 | -12.0% | $89 / Sq Ft |
| 11/23/2016 11/23/16 | For Sale | $250,000 | -- | $101 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,240 | $13,259 | ||
| 2024 | $1,197 | $12,628 | ||
| 2023 | $1,197 | $45,680 | $9,130 | $36,550 |
| 2022 | $1,159 | $31,660 | $6,330 | $25,330 |
| 2021 | $1,191 | $26,330 | $5,260 | $21,070 |
| 2020 | $1,184 | $24,780 | $4,950 | $19,830 |
| 2019 | $1,143 | $17,430 | $3,480 | $13,950 |
| 2018 | $1,110 | $15,660 | $3,130 | $12,530 |
| 2017 | $1,043 | $16,180 | $3,230 | $12,950 |
| 2016 | $1,008 | $13,750 | $2,750 | $11,000 |
| 2015 | $966 | $13,200 | $2,640 | $10,560 |
Source: Public Records
Agents Affiliated with this Home
-
Brook Miller
Seller's Agent in 2017
Brook Miller
RE/MAX
(602) 391-7164
1 in this area
115 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5528683
APN: 303-17-137
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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